PDAC 2012 booklet


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PDAC 2012 booklet

  1. 1. Advancing Exploration for World-Class Gold Discoveries Nevada - Colombia - AlaskaFebruary 26, 2012 www.mirandagold.com
  2. 2. Forward Looking Statement This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Miranda Gold Corp. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing. The qualified person for any technical information in this presentation is Ken Cunningham, President and CEO. The information in this presentation has been obtained by Miranda from its own records and from other sources deemed reliable. However, no representation or warranty is made as to its accuracy or completeness. 1
  3. 3. Why Consider Owning Miranda Currently drilling in Colombia = news flow all year 1 drill hole or a discovery could dramatically effect share price Attractive price relative to treasury and partner spending Partners will spend ~$7M drilling 8 projects in 2012 $6.5 M in treasury = ~2.5 year at current annual burn rate Annual burn is leveraged 2.6:1 by partner spending Strong technical team working in world-class gold districts 2
  4. 4. Investment Profile Creating Shareholder Value through Project Generation and Exploration for Discovery of World-Class Gold Deposits while sharing exploration risk through a Joint Venture business model Aggressive Project Generator Joint Venture Business Model ♦ Exploring numerous targets for ♦ 9 projects in Joint Ventures greater chance at discovery $18.0 million Market Capitalization 16 projects total ♦ 13 Nevada properties 53.0 million shares outstanding ♦ 2 Colombia properties $6.5 million in working capital ♦ 1 Alaska property 3
  5. 5. Share Structure Share Issued 52,974,452 Options 6,722,000 (ave. price $0.48) Warrants 6,886,492 (ave. price $0.95) Fully Diluted 66,583,944 Recent Share Price $0.34 Market Capitalization $18.0 million Cash Position $6.5 million Annual Burn Rate $2.7 million TSX-V: MAD 119,000 OTCBB: MRDDF 50,000 FSE: WKN 900519 (MRG) 5,000 4 Ticker Symbols Daily Vol (3 Mth Ave as of Feb 27)
  6. 6. Exploring in World Class Areas Nevada • Carlin and Cortez gold trends • 8% of annual world gold production • ranked #4 in world gold production Colombia • Least explored country in South America • Hottest area for junior companies • 3 new +10 Million ounce discoveries in last 10 years Alaska’s Fairbanks District • Tintina gold-belt in Yukon and Alaska • 9M ounces of historical local placer gold production • Fort Knox (8M oz) and Livengood (13M oz) 5
  7. 7. Business Model: Project Generator / JV Minimizes high risk of exploration Preserves treasury-minimizes shareholder dilution Provides investors numerous chances to participate in a discovery (lottery tickets) Leverages success by using other people’s money Requires patience and a long-term focus 6
  8. 8. Major Shareholders Total Managed & Institutional Ownership = ~45%  Global Resource (Sprott) Investments: 14%  Lukas Lundin: 6.7%  Adrian Day Asset Management: 6%  Management: 6%  High Net Worth German/Swiss: 7%  Taylor Fund: 3.1%  Rule Family Trust: 2.9% 7
  9. 9. Total Nevada Projects: 13 Active JVs: 6 • Red Hill • Red Canyon • Coal Canyon • Angel Wing • Big Blue • TAZ Available: 7 • Iron Point • East Spruce Mtn • Redlich • Rook • HOG • PPM • Fuse 8
  10. 10. Cortez Camp – Nevada’sMost Recent World Class Discovery Barrick’s Cortez Camp: 42M oz (Pipeline, Cortez Hills & the Goldrush discovery) Miranda’s team: involved in the discovery of Cortez Hills and Goldrush Joe Hebert: Discovered Goldrush using “predictive geology” Concept: En-echelon structural pattern and spacing to deposits Miranda Gold: Significant projects in the Cortez Camp Red Hill Project: Next Discovery? 13.7 m of 8.12 g Au/t in hole BRH-13 Deep Drilling: At least 3 holes to off-set BRH-13 9
  11. 11. Miranda’s Red Hill Next off-set mineralized zone in the Cortez Trend?Barrick’s new discovery 10
  12. 12. Red Canyon, Nevada JV Partner: Montezuma Mines Inc. Target: Carlin-style disseminated gold big alteration system 2011 drilling – phase 1 – 1,605 m in 8 holes Results: 6.1 m of 7.03 g and 9.1 m of 3.93 g Au/t 11
  13. 13. Angel Wing, NevadaJV Partner: Ramelius Resources Ltd. Drilling began October 16, 2010:Target: Epithermal vein system ♦ 4,700 ft in 8-10 holes2011 drill results: ♦ 1.5 m of 147 g Ag/t ♦ 4.57 m of 1.95 g Au/t2012: deeper testing of system 12
  14. 14. Ester Dome, AKJV Partner: Agnico Eagle USA LimitedDistrict size land package onstate owned landTargets: ♦ High-grade shear zones & intrusive related gold (Ft. Knox – 8 M oz) (Livengood – 13 M oz)Following up on 1998 PDXdrill hole: ♦ 6.0 m of 92.6 g Au/t2011: 6 core holes – 1,287 mNumerous zones of 0.3-0.9 g Au/t2012: $700,000 drill program 13
  15. 15. 2012 Pavo Real Drill Program Cruzada Adits 30m of 2.34g Au/t 11m of 1.32g Au/tHydrothermal Brecciatrench samples from1g to 21g Au/t Q.Virgen Adit 4m of 4.5g Au/t 2012 Pavo Real Drill Program
  16. 16. Pavo Real Soil Grid
  17. 17. JV Partner: Red Eagle5,000 m of core drilling inprogress500 surface rock samplesaverage 4.1 g Au/t 16
  18. 18. 2011 Summary9 projects in partnerships+$5.0 million in partner spending8 projects drilled~13,000 meters of drilling - 54 holesPavo Real drilling started in December = assays in 2012Positive drill results to date: ♦ Big Blue: 25.9 m of 0.75 g and 16 m 0.82 g Au/t ♦ Red Hill: 0.5 to 1.0 g Au/t intercepts in numerous holes ♦ Red Canyon: 6.1 m of 7.03 g & 9.1 m of 3.93 g Au/t ♦ Angel Wing: 1.5 m of 147 g Ag/t ♦ Ester Dome: 6.1 m of 0.60 g Au/t 17
  19. 19. 2012 JV Partner Drilling/Spending ForecastActive JVs Planned Drilling Project Partner Yrs on Project Location Phase I Start Total $ # holes metersRed Canyon Montezuma 4 Nevada May $800,000* *pending budget approvalAngel Wings Ramelius 3 Nevada June $750,000Big Blue Ramelius 2 Nevada May $650,000Red Hill NuLegacy 3 Nevada 8-10 April $1,050,000Coal Canyon NuLegacy 2 Nevada 1 August Incl w RHTaz Navaho Gold 2 Nevada June $600,000Ester Dome Agnico-Eagle 2 Alaska July $700,000Pavo Real Red Eagle 2 Colombia 8 January $2,200,000Cajamarca Red Eagle 2 Colombia January $200,0002012 Totals 6 partners 9 projects 3 areas not yet determined $6,950,000 18
  20. 20. 2012 Outlook 9 projects in continued partnerships ~ $7.0 million in partner spending 8 projects to be drill tested Off-set Red Hill drill hole BRH13 (13.7 m of 8 g Au/t) Continuous news flow due to ongoing Pavo Real drilling Anticipate new Colombian/Nevada projects and joint ventures Seeking a strategic alliance in Colombia 19